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Below is an Interesting article I found, which says that.....Do not
% M% `' k% i3 y. d+ V8 ~expect much from Crude Oil producers and future is not with the
6 f/ V) S; O( R1 u6 g; Y& f. ocompanies producing Jet fuels but Biofuels. Also no wonder if some of
8 Z. m; ]" V6 ] { Mthese oil producer will go bankrupt or out of the business even if
8 y) r# ^ [4 Z. Z4 \crude prices improves. This implies also to good names such as Shell, 7 ?& ]3 W7 A2 P' R% f G9 t
EXXON, BG, BP, Cheveron ....xyz.. oils 8 M/ \* _: _4 L6 v0 a A
* _# D5 o7 v/ J' i& H
Recently OPEC reduced crude oil production twice over just a few
# q! H# B+ @- ]) l" t2 k dmonths. There are three wars going on in Gaza, Iraq and Afghandistan.
$ j& Q9 w; h5 S9 d! v9 }( GA year ago these things would have spiked the price of crude oil by at
2 y. K$ U4 T7 s$ O; ]+ Rleast $50.00 per barrel. Today, oil price declined by a record amount.
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There are several reasons the price of oil is decreasing in the face ) V2 X7 M6 M% R5 q4 L
of so much news. These reasons are: 2 s" P$ d i9 r- H- m( G- P% C
* ]2 u% E/ u$ `8 V% p1 o
$ m4 d. ^* X3 q% Y2 u4 T; y/ o$ w- E1. New oil has been found in Canada, Montana, North & South Dakota and
/ Z: y! i# o& s! a' b* xin the ocean near Brazil. Each of these oil fields has more oil than
( j* t" \! q5 X4 \- s8 t: qArabia. 7 w' g/ ]$ X5 {' ?: o2 ~7 D
q# R Y7 ]7 }0 K/ W2 k
6 R9 g+ J. x* A" R6 h( v2. New natural gas has been found in Pennsylvania and West Virginia. 6 H8 P! I& [, u6 r, z
This is the largest find in North America. % j2 `- m9 P" B
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2 I; J, S- s9 A( o3. New methods of injecting CO2 and surfactants into oil wells is
+ }( D/ @. N/ a% j1 nbeing used to double their output.
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4. Production of bio-fuels is beginning to reach critical mass. Bio
# v' k/ R* n- e+ K* v5 Xfuel is being produced from many plants and algae. The production
, r' P( ?3 [9 S7 I! K, Rpotential per acre in some cases is astounding. Many countries are
5 M! \! h W) O6 a7 t: uracing to produce bio fuels.
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) D7 Q/ ~# }8 q6 c+ C' O5. Virtually every restaurant in the US and all food processing plants 4 r# z9 s9 w! l: X. h9 Z
are now selling their used oil to bio-diesel producers. Every pork,
- d9 r5 J) c( h5 q& d4 }cattle, turkey and chicken processing plant will soon sell their fat
; R# O0 Y0 @1 S! ^' E. P# \' K3 Oto bio-diesel producers. One pork processing plant in Oklahoma is / g2 d! Y4 f n% K& Z( z: I( R, i% P
producing 30,000 gallons of bio-diesel per day from pork fat. 3 e! c1 u% c' ?5 \# }8 r
+ L6 y2 g: r/ D# C$ \# X1 \) I# P& M0 k8 t. W$ ]& F+ ?
6. There are 99 nuclear reactors in various stages of planning and 6 d6 Z4 b2 }) I) K1 w0 A3 c( O
construction around the world at this time. Several hundred more are ) y) S. s0 \7 E- ?# `1 D( M
expected to be built in the future. Much of the energy they produce 5 |) r v8 A% d: @! N. m; O! ~ N
will replace oil. & ~+ f5 O+ }" T$ u0 a
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7. Every company in any form of transportaion business is replacing * U3 f7 d; q5 |
older equipment such as trucks, airplanes, train engines, ships, etc. , y6 Z) f+ v& L) ~1 u. {
with new more fuel efficient equipment. Airlines and railway companies
# K6 z' {! j- S5 g! J* iare experiencing 20% to 25% better fuel econony with the new
' A, L. z# X# D& N& Lequipment. ; p- S3 o& c# z7 x) j4 ~
6 Q! K u4 p: e6 A& y
" d6 Y5 n# B( j9 g, WAirlines are flying airplanes with bio-fuel. They are finding the bio-
$ g0 G- L; r5 h' M& o/ Ufuel is cleaner and performs better than jet fuel. ) g0 U* a6 [- K; V1 T" _7 v1 q. v
/ B+ T1 w4 {" | l) f- r
5 W$ t {# M& t+ x/ J8. Cities and counties throughout the US are selling the rights to
6 C/ s; f- p& b) s* w S5 {) rcapture methane gas from landfills. This is a huge source of gas
7 y% c) g# u/ D/ j5 P5 ]available at very little cost or risk. The gas is displacing crude 7 v) w6 ]: j+ p" G3 M- _
oil.
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. Z- t8 y* f. d9. Coal is being transformed into a clean burning liquid fuel. The CO2
5 h' E# ?- @- n7 @produced as a byproduct is sold to oil companies for injection into
; |0 l: G1 C# {4 J5 C1 d; `' I$ T4 Boil wells. , n, E E/ U) Y' m# x% s/ T- P
* d2 w0 z* ? O( q
$ C( S# A" ?* @- a10. Solar, wind and ocean energy is displacing oil as an energy
s% a7 y+ a& J1 C6 f$ Esource. Three new wind turbines are being erected every day in the US. ' I% K9 f1 v# {) W; Z
. u) ]$ X3 w, g, k2 H* p- C3 M5 n" J! v5 Z4 P; g) }& J
Each of the above by itself will not make a large difference in the
3 R9 m& W$ `' z' kprice of crude oil but the sum of all of them together is world 6 a* T( o+ ?* C5 w' R+ Q/ t2 A
changing. The important thing is that OPEC no longer has the ability
8 o$ E. G6 J& L- mto control oil prices. , W; S$ j" v7 V* G
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2 J0 \2 h1 w3 YWith the above scenario, I still believe that there are under . i. ?2 W/ o9 L1 x3 V
performed OIL companies and probably they are yet to get the justified
3 j3 d! j+ A7 u1 y# v! Svalue .....
7 Q" P2 J$ } @+ D- F0 OIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... + X9 P- `9 A* j w0 N N" V
' P2 m2 D& M8 u: V5 ~
% T/ B) a0 ~2 x) w; H1 NThe above articles are from WSJ .............PUBLISHED ON 9TH JAN * J+ Q: U4 F: K- X( M* Q: `8 N
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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